Please advise : speculation loss on share sale with stt paid

Tax planning 507 views 1 replies

Jatinder Singh Bedi

38 Points Joined September 2014

Hi !!

I am having a querry regarding the Tax planning. I have a speculation loss of 14000 on sale of Intra Day share sale (stt paid). Please guide how the take same into the record while filling the return for FY 2014-15.

Further , can same be set-off from the STCG (stt paid) on sale of shares @ 22141 and income from salary @ 4,80,000 /-

Also , let me know which ITR to be filed .

Replies (1)

CA R SEETHARAMAN

CA Practice

147656 Points Joined September 2013

Speculation loss cannot be set off against other income carry forward it, which can be set off aginst such income in the next four years. ITR2 can be used ror fililg return.